The only example is when I bought a building with a bunch of low rents.The backers of this law really want to protect tenants in hyper inflating rental areas from shocks of their rent doubling. 

Your tenants would probably think you were commenting on their cleanliness AFTER they recovered from shock.  

I would be shocked if your listing agreement didn’t have this provision.

Thanks for the reply, I'm shocked at the mortgage rate as well, I was quoting for investment property as that's out of state, but both local bank and out of state bank quoted me roughly around the same rate of 5%, that's crazy high

Most sellers are usually shocked at the speedy cash offer and many times they are more than willing to sell the property at a lower price in this situation. 

Originally posted by @Mindy Jensen:Try it and let us know, @Jay Hinrichs I'm tempted after getting well literally thousands of the exact same letters over the years.. and whats funny sometimes I call them back most never answer.. and if they do they are shocked since they never got a response.then they try to fumble around with a pitch.. 

All it takes is a small chip and some 'shock' for the window to break. 

I moved here in 2000 from south Florida and had a massive sticker shock.  

Run some amortization tables for your self with a fixed rate for differing length of times.You will be shocked that the changes in the mortgage payments and the effects on your ROI.Ask your partner what's the advantage to creating excessive equity when that money could have been put to work elsewhere?

You would have $300/yr more than what you are after now and you would not have shell shocked your tenant later.These are much smaller numbers which a tenant can absorb over 3 years rather than a 1 time 4.25% hike.